As the number of data breaches continues to grow, fraud risk assessments are no longer optional for businesses. It’s essential to protect your customers—and has also become ingrained in your bottom line. And the stakes are especially high for financial services organizations.
Complicating matters even more are the fact that consumers are wary of providing their personally identifiable information to organizations because of data-breach risks. But this information is critical to meet requirements for a myriad of guidelines and rules like Red Flags Rule, USA PATRIOT Act checks and many others.
Today’s environment makes fraud risk management especially complex, posing many challenges and questions to businesses.
How can you best manage exposure to financial risk? What guidelines should you put in place to mitigate fraud threats? How can you stay compliant with consumer privacy regulations?
Fortunately, a single solution can help you manage it all—searching, monitoring, scoring and investigating consumers and businesses quickly and efficiently—all in one place.